Texans create peace of mind by using Life Insurance as
an alternative to cover their final expenses
Protect your family’s financial security with Life insurance.
When you’re planning for a family your financial obligations involve expenses such as covering a mortgage, providing
for college and covering a number of family needs. When your family is grown and your mortgage is covered, you still
have the financial obligation of covering final expenses and debts that may be outstanding. You can tailor a policy
in the amount to meet your specific needs.
When is the best time for me to take out a life insurance policy?
Right now would be a good time...
Why do I need Texas life insurance for final expenses?
The expenses associated with death can be quite numerous. Your estate might be frozen
until it is settled and your family has to pay the final expenses while still covering ongoing living expenses. Not
only are they dealing with the immediate cost of the funeral expenses, there will be probate and legal fees as well as your
estate's financial affairs to contend with. Life insurance will help your family meet financial obligations and not
have additional stress.
What is the best Texas life insurance policy
to have to cover final expenses?
There are several types of life insurance
available to cover final expenses, depending on what your specific needs and budget are.
Term life insurance provides coverage for a specified period of time and is the
most inexpensive way to purchase. At the end of the "term" the ploicy ends or to continue the coverage
you can pay additional premiums.
Whole life insurance is a type of permanent life
insurance that applies part of the premium payments to build an investment value for
the policy owner called the cash surrender value of the policy. The policy lasts as long as premium payments are made.
The payments usually are level without increases.
Universal life insurance is a type of permanent life insurance based on a cash value.
Premium payments above the cost of insurance are credited to the cash value. The cash value is credited each month with interest,
and the policy is debited each month by a cost of insurance charge, and any other policy charges and fees which are drawn
from the cash value if no premium payment is made that month.
Do your homework before you purchase Texas Life Insurance. Ask the right questions
before you put a policy in place. These questions are to get you started thinking about what is important when you purchase
life insurance on yourself or loved ones. We can help guide you in the process of determining what would benefit you
most.
1. How long do I have to make payments
for? 2. What are the rider options for this type of Texas Life Insurance? 3.
What is guaranteed in the policy? 4. How long has your Texas Life Insurance company been in business? 5. How long has the Texas Insurance agent been in business? 6. What are the different
types of life insurance policies available? 7. At the end of the term for Texas Term Life Insurance,
how are the renewal rates handled? 8. If I buy a policy that has an investment aspect, what is the
guaranteed rate of return? 9. If my health changes will I be able to buy more insurance? 10. Is it better to buy one policy with a large face amount or have several small face amounts? 11.
Should I buy Texas Life Insurance on my children? 12. Should I buy Texas Term Life Insurance or Texas
Whole Life Insurance on my children?
If you would happy
to design a plan for your particular situation please contact me at 469.293.7080 or info@insurancedfw.com.
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